Tag: recession

With Dollar cut access to individuals, businesses, Forex scarcity Chokes Nigeria’s Economy ,Recession Looming

Nigeria’s foreign-currency shortage is squeezing the life out of Africa’s biggest economy. Banks won’t honour card payments, foreign investors can’t get their money out and manufacturers are unable to import…

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Singapore Slumps Into Recession With Record 41.2% GDP Plunge

      Singapore’s economy plunged into recession last quarter as an extended lockdown shuttered businesses and decimated retail spending, a sign of the pain the pandemic is wreaking across…

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Nigeria is Exepected to Plunge into Severe recession ,says World Bank

Recent collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank…

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